White House pardons billionaire crypto exec Changpeng Zhao two years after Binance founder pleaded guilty in landmark DOJ investigation

Fortune•Thursday, October 23, 2025 at 3:35:39 PM

In a significant move, the White House has pardoned billionaire crypto executive Changpeng Zhao, two years after he pleaded guilty to failing to uphold anti-money laundering regulations. This decision not only highlights the evolving landscape of cryptocurrency regulation but also reflects a potential shift in how authorities may approach past infractions in the rapidly changing digital currency space. Zhao's pardon could pave the way for renewed confidence in the crypto market and signal a more lenient stance towards industry leaders.

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